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Orange: Orange files an application to cease to be a reporting issuer in Canada
ORAOrmat Technologies(ORA) GlobeNewswire·2025-04-18 17:08

Core Viewpoint - Orange S.A has applied to cease being a reporting issuer in Canada to reduce reporting costs and complexity while maintaining corporate governance standards and transparency [1][4]. Group 1: Application Details - Orange has submitted an application to the Autorité des Marchés Financiers and the Ontario Securities Commission for an order to stop being a reporting issuer in all provinces and territories of Canada [1][2]. - If granted, Orange will no longer be required to file financial statements and other continuous disclosure documents in Canada [2]. Group 2: Disclosure Commitments - After ceasing to be a reporting issuer, Orange will continue to provide Canadian securityholders with all required disclosure materials under French securities laws, available on its website [3]. - Continuous disclosure materials mailed to securityholders in France will also be sent to Canadian securityholders who opted to receive such materials [3]. Group 3: Strategic Rationale - The decision to cease reporting is aimed at improving internal simplification and efficiency, aligning with Orange's strategic goals [4]. - The move is expected to have no impact on Orange's clients, partners, or its commercial presence in Canada [4]. Group 4: Company Overview - Orange is a leading telecommunications operator with revenues of €40.3 billion in 2024 and a workforce of 127,000 employees globally [5]. - The company serves 291 million customers worldwide, including 253 million mobile and 22 million fixed broadband customers [5]. - Orange is also a prominent provider of IT and telecommunication services to multinational companies under the Orange Business brand [6].